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China Morning Snapshot – 10 September 2024
10 Sep 2024 With a long weekend holiday approaching, Chinese buyers have become more active in negotiating new purchases. However, consistent with the futures market, there has been a noticeably stronger demand for LLDPE compared to PP.
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10 Sep 2024

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10 September 2024 - Shenhua's coal-based PP and PE Auction Results

Trading activity on the Shenhua Auction Platform mirrored developments on the Dalian Commodity Exchange during the second trading day of the week. Robust performance in the LLDPE futures market boosted buying interest for coal-based cargoes on the platform.
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07 Sep 2024

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Vietnamese producer maintains stable PP, PE offers after holiday break despite crude oil weakness

The producer started up the petrochemical complex in mid to late August and have been actively offering both PP and PE cargoes to local and international markets.
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07 Sep 2024 SPVC k67-68 SPVC (A) k67-68

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Chinese PVC market resumed falling on weaker buyer engagement, high inventory

Spot ethylene PVC has fallen below the historical lows reported in late April 2020, triggering expectations that PVC producers might voluntarily suspend operations to protect the bottom line.
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07 Sep 2024

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China Morning Snapshot – 06 September 2024

Market participants noted that while Chinese producers have been persistent in maintaining stable spot offers despite sluggish demand, the PP sector appears to be under more pressure than PE.
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07 Sep 2024

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06 September 2024 - Shenhua's coal-based PP and PE Auction Results

Transactions on the Shenhua Auction Platform surged on the final trading day of the week, driven by a CNY 50/ton discount on homo-PP cargoes offered by the coal-based producer. The price reduction helped restore some attractiveness to these parcels, aligning with a more stable trend observed on the Dalian Commodity Exchange.
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05 Sep 2024 SPVC k67-68

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Indonesian major slashed local PVC offers; uncertain outlook triggered fierce negotiations

Negotiations are ongoing at the time of this report with buyers counterbidding at $20-30/ton below the initial price list citing the soft end-product market and intensifying competition in the PVC sector.
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05 Sep 2024

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China Morning Snapshot – 05 September 2024

The CNY 50/ton discounts offered by local producers on spot PP and PE cargoes have been viewed as insufficient to stimulate buying interest, with bids from buyers emerging at levels CNY 200/ton below the current market prices.
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